These information sheets are a guide to field-based coursework for business students all around the world based on experiences in Latin America. In field-based learning, students, guided by faculty, work directly with organizations to solve real problems and offer feasible solutions. The guidebook provides proforma and other materials such as suggested project timeline that the New Ventures Program at World Resources Institute (WRI) has used to administer our own field-based learning programs.
In order to run a successful business in today’s complex global market, firms have to develop and pursue new opportunities to build competitive advantage. The ability to do this depends on the development of top managerial talent with skills and capabilities to manage innovation and entrepreneurship. Management education can play an important role in the development of such talent. Field-based learning enhances traditional management education by providing students with the opportunity to come into contact with and apply all of the skills taught in the classroom to practical management situations. Therefore, field-based learning can give students a competitive advantage.
The benefits of field based coursework are numerous:
While field-based coursework may be easy to understand and justify, it can be difficult to execute successfully. WRI invites cutting edge management educators, students, and firms to use this guide to establish and improve on field-based projects and fully benefit from all field-based learning has to offer.
(developed by the New Ventures project)
This information was developed and compiled by World Resources Institute and funded by the Alcoa Foundation. Many thanks to James DeVaney (University of Michigan) and John Fay (University of North Carolina) for their contributions to this work.